Customer Division to Achieve Profitability and Profit of ¥3 Billion or More in Fiscal 2022 under the Fourth Medium-Term Management Plan
First written in FY2020. 7 of 11 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2024-Q2ReframedAnnual report
「In fiscal 2023, FIDEA Group launched its Fifth Medium-Term Management Plan, “Transformation for Sustainable Regional Development.” To improve customer satisfaction (CS) and, ultimately, corporate value through thorough customer support and a stronger management foundation, the Group is implementing six basic policies, including strengthening customer support capabilities, rebuilding its securities portfolio, reforming its cost structure and improving employee satisfaction (ES).」
The company has revised the framework from the Fourth Medium-Term Management Plan’s focus on turning customer division ordinary profit profitable to a plan under the Fifth Medium-Term Management Plan centered on turning customer division ordinary profit profitable, strengthening customer support capabilities and reinforcing the management foundation. - FY2024-Q1RestatedAnnual report
「There were no significant changes or newly established matters during the first quarter of the current consolidated fiscal period.」
The company states that there were no material changes or new issues related to the Fourth Medium-Term Management Plan or management targets during the first quarter. - FY2023-Q3RestatedAnnual report
「Although the decline in the deposit-lending interest margin has continued due to lower lending yields, customer division ordinary profit, defined as customer division earnings excluding credit-related expenses, has continued to improve through higher net fees and commissions and steady progress in reducing expenses.」
Amid the continuing decline in the deposit-lending interest margin, the company continues to improve customer division ordinary profit through higher net fees and commissions and expense reductions. - FY2023-Q2RestatedAnnual report
「Although the decline in the deposit-lending interest margin has continued as the low-interest-rate environment has persisted, the company has worked to build up net fees and commissions, mainly from assets under custody, and has achieved customer division ordinary profit ahead of schedule through steady progress in reducing expenses. Customer division ordinary profit is customer division earnings excluding credit-related expenses.」
The company continues to disclose progress under the Fourth Medium-Term Management Plan, including the achievement of customer division ordinary profit ahead of schedule. - FY2022Achieved customer division ordinary profit and moved the customer division earnings target to the Fifth PlanAnnual report
「Customer division ordinary profit on a combined two-bank basis increased by ¥1.087 billion year on year to ¥233 million in fiscal 2021, as the decline in the deposit-lending interest margin was covered by higher net fees and commissions, along with progress in reducing expenses. This achieved one year ahead of schedule the plan to turn customer division ordinary profit profitable in the final year of the Fourth Medium-Term Management Plan. Customer division earnings were negative ¥2.134 billion, an improvement of ¥526 million year on year, as credit-related expenses increased mainly because the criteria for recognizing the allowance for doubtful accounts were tightened in preparation for future credit costs in the post-COVID environment.」
While customer division ordinary profit was turned profitable one year ahead of schedule, customer division earnings, including credit-related expenses, remain negative, and the company is considering achieving profitability during the period of the Fifth Medium-Term Management Plan beginning in fiscal 2023. - FY2022-Q3RestatedAnnual report
「Under its Fourth Medium-Term Management Plan, which began in fiscal 2020, FIDEA Group is seeking to strengthen top-line revenue by practicing consultative sales that address the needs and challenges of business partners, while working on fundamental reforms to its cost structure.」
Under the Fourth Medium-Term Management Plan, the company continues to strengthen top-line revenue through consulting-based sales and pursue fundamental reforms to its cost structure. - FY2022-Q1RestatedAnnual report
「There were no significant changes or newly established matters during the first quarter of the current consolidated fiscal period.」
The company states that there were no material changes or new issues related to the Fourth Medium-Term Management Plan during the first quarter. - FY2021AdvancedAnnual report
「Fourth Medium-Term Management Plan: target metrics and results Target metric Target level for fiscal 2022 (final year) Net income attributable to owners of the parent At least ¥3 billion Fiscal 2020 result ¥3.3 billion」
Against the final-year profit target of at least ¥3 billion under the Fourth Medium-Term Management Plan, the result for the first year, fiscal 2020, was ¥3.3 billion. Meanwhile, customer division ordinary profit was negative ¥854 million, and remains on the path to improvement without having met the profitability target. - FY2021-Q3RestatedAnnual report
「Under its Fourth Medium-Term Management Plan, which began in fiscal 2020, FIDEA Group is seeking to strengthen top-line revenue by practicing consultative sales that address the needs and challenges of business partners, while working on fundamental reforms to its cost structure.」
Under the Fourth Medium-Term Management Plan, the company continues to strengthen top-line revenue through consulting-based sales and pursue fundamental reforms to its cost structure. - FY2021-Q1RestatedAnnual report
「Under its Fourth Medium-Term Management Plan, which began in fiscal 2020, FIDEA Group is seeking to strengthen top-line revenue by practicing consultative sales that address the needs and challenges of business partners, while working on fundamental reforms to its cost structure.」
Under the Fourth Medium-Term Management Plan, the company continues to strengthen top-line revenue through consulting-based sales and pursue fundamental reforms to its cost structure. - FY2020First statedAnnual report
「Target level for fiscal 2022, the final year Net income attributable to owners of the parent At least ¥3 billion As a prerequisite, turning customer division ordinary profit (gross profit of the customer division minus related expenses) profitable」
The final year of the Fourth Medium-Term Management Plan is fiscal 2022. The company has set new targets of net income attributable to owners of the parent of at least ¥3 billion and turning customer division ordinary profit, the prerequisite for this target, profitable.